Apple, Now Carless, Faces Renewed Questions About Growth

Maybe Apple should cancel multibillion-dollar projects more often! Shares of the iPhone maker, which have fallen since the start of the year, rose nearly 1% Tuesday after Bloomberg scooped the news that Apple had canned Project Titan, its decade-old autonomous car project. As a Morgan Stanley analyst said in a research note, the Bloomberg report, “if true, would be a positive development.” The analyst said he hadn’t put any value on the project, thinking Apple was too far behind its …

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